Good morning everyone, taking a look at Litecoin on the daily, I am going back to May of 2015. The chart looks VERY similar to where we are currently. Today, we are wrestling with the 200 EMA, May 2015 we did the same.. The small Blue rectangle is what is currently happening, the Red is what COULD POSSIBLY happen...
Updating from my earlier post. I still think we will get to $4,200, however if we do not, then we will most likely dump and turn into a WXY failed 12345. Only way for that to happen is lack of Bull Volume.
If BTC doesn't find more buy volume, we are going to Bart down to $2,200.. My personal opinion, we shoot up to $3,800 then $4,200 then Bart down to $2,200. I think we NEED to see $2,200-$2,400 in order to satisfy the bears and the majority of the buyers in this space.